SSS EDUCATION FOUNDATION

EIN: 824972119 501(c)(3) Education

Mesquite, TX

Total Revenue
$8,157,427
Total Expenses
$10,121,004
Total Assets
$118,103,226
Net Assets
$-8,728,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
Shubham Pandey
Phone
9723759672
Tax Period
2023-09-01 to 2024-08-31

SSS EDUCATION FOUNDATION, founded in 2018, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2023. Expenses of $10.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION IS TO SUPPORT MEADOW OAKS EDUCATION FOUNDATION AND OTHER CHARTER EDUCATIONAL ORGANIZATIONS LOCATED IN THE USA, IN ORDER TO (I) FACILITATE CHARTER SCHOOL CAMPUS DEVELOPMENT PROJECTS, INCLUDING DESIGNING, FINANCING, HOLDING TITLE TO THE PROPERTY AND LEASING THE DEVELOPMENTS, INCLUDING COLLECTING INDIRECT GRANTS FROM GOVERNMENT AGENCIES AND PAYING EXPENSES INCIDENTAL TO SUCH ACTIVITIES, FOR THE PURPOSE OF PROVIDING AFFORDABLE FACILITIES FOR PUBLIC CHARTER SCHOOLS AT OR BELOW MARKET RATES, AND (II) FACILITATE THE ATTAINMENT OF HIGHER EDUCATION BY PROVIDING COLLEGE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS FOR CHARTER SCHOOL GRADUATES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,690,136
Program Service Revenue $0
Investment Income $467,291
Other Revenue $0
TOTAL REVENUE $8,157,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,121,004
Other Expenses $10,121,004
TOTAL EXPENSES $10,121,004

Year-over-Year Comparison

2023 2022 Change
Revenue $8,157,427 $8,426,492 0.0%
Expenses $10,121,004 $12,102,512 -0.2%
Net Income $-1,963,577 $-3,676,020 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shubham Pandey Chairman and Executive Director 10
Officer Director
$0 $0 $0
Brent Parrot Secretary 0.1
Officer Director
$0 $0 $0
Deependra Chhabra Director 0.1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,157,427 $10,121,004 $118,103,226 $-1,963,577
2023 $8,426,492 $12,102,512 $120,502,376 $-3,676,020
2022 $6,024,322 $7,529,053 $78,449,539 $-1,504,731
2021 $3,445,001 $4,364,076 $79,366,180 $-919,075
2020 $788,904 $915,418 $79,730,511 $-126,514
2019 $55,908 $541,118 $51,762,990 $-485,210
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